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Financial disclosures show executive salaries at leading brokerages have fallen in past two years
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...— to 60— since the pandemic began, according to Stephen Ng, who leads the bank’s south-east Asia and south Asia operations....
Hard-driving founder Bhavish Aggarwal defends ‘intense’ company culture that created country’s biggest e-scooter maker
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...Singapore GP Pte declined to comment. The Singapore Tourism Board did not immediately respond to requests for comment. Ong declined to comment....
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Governments need to work with carmakers to reduce the obstacles to adoption
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...Cathay Pacific reported its highest annual profit in more than a decade as strong travel demand buoyed the Hong Kong flag carrier’s earnings, with its chair declaring: “In 2023, we finally left the Covid...
...Partners have included Pfizer and Eli Lilly and it generated Rmb16.1bn ($2.2bn) in revenues last year from the 20 largest names and earned Rmb26bn — about two-thirds of its revenues — from the US, which...
...ICBC and BOC have been setting up more branches along the Belt and Road regions across Asia to diversify away from previous focus on developed markets....
...Shanghai-based Shimao, which has about $11.7bn of offshore debt, said on Monday that CCB (Asia) had filed a liquidation petition against it in Hong Kong over its failure to repay loans of $200mn....
...South Korea has become one of the most important markets for European carmakers, ranking among the top three Asia markets for global luxury brands with about 34,000 cars priced at more than Won150mn ($108,000...
...“You have all the major players coming in, so sales for EVs are going to increase,” said Ammar Master, director of South Asia automotive with GlobalData....
Chinese territory set to become one of world’s fastest-growing economies as it recovers from Beijing crackdown
...Carmakers from America to Europe to Asia are already facing rising costs from new technology development and tougher emissions rules, while also struggling to develop cheap electric vehicles that they can...
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Its initial phase is due to be inaugurated in November when Chinese leader Xi Jinping visits Peru for a summit of the Asia-Pacific Economic Cooperation forum....
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